Chinese Economics Thread

PiSigma

"the engineer"
Not surprising at all that large engineering companies are Chinese. There is just that much to build in north america, Japan and Europe anymore since everything is developed. Most projects are brownfield for maintenance, optimisation or legislative. China still needs to build all new everything in the western side and more in the east.
Expect to see large Indian firms in 10-20 years when they get to this stage of development.
 

Hendrik_2000

Lieutenant General
Chinese health care system is far from perfect but they are cheap and accessible to most people
This Chinese student was charged $20,000 for cold But he make mistake of going to hospital instead of going to urgent care clinic But he probably doesn't know Fortunately he is cover under student health insurance but still has to pay copay of $2000 ouch that hurt. This show the absurdity of US health care system
How does healthcare in the U.S. compare with China’s?
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hinese visitors to the U.S. are often shocked by the exorbitant bills and long waits at healthcare facilities, but China has its own set of problems.

healthcare.jpg

Photo by humphery from Shutterstock

On Valentine’s Day in 2015, I spent a night at an emergency room at New York University’s Lutheran Medical Center in Brooklyn with a severe fever. I waited there for two hours before being called. I was given an X-ray, a blood test, and a urine test, then had another half hour of waiting. Finally, I saw a physician assistant and was told to go home because my case wasn’t serious. She prescribed some antibiotics, but I didn’t buy them because it would cost me about $200. On my way home, I bought a bottle of NyQuil for $15.

The next day, the fever was gone. My parents, who were visiting me from China at the time, couldn’t believe that a regular fever could result in all the procedures I was put through and how much everything cost: Two weeks after my hospital visit, I received a $2,000 bill because I didn’t have health insurance. In China, a similar consultation would have cost 200 yuan (about $35).

Still, many Chinese people believe that the U.S. offers the best healthcare system in the world, complete with high-skilled doctors, the most advanced medical equipment, and spacious hospitals. In comparison, the healthcare sector in China is underfunded and understaffed, and medical resources are unevenly distributed across different provinces.

So, in the end, which is better?


Three months versus two days

Hu Chongjun 胡崇骏, who moved to America five years ago, works as a computer engineer in Pittsburgh. He says that receiving treatment in the U.S. is less efficient. Last year, it took him three months to get a gastroscopy for his stomach; in China, he states, it would take less than two days.

“I don’t know why it took that long. But isn’t it normal to wait for testings in the U.S.? Doctors, anesthesia, and the clinic, they all needed time for preparation,” Hu says. “Luckily, I was fine and nothing was serious.”

Seeing a doctor may be speedy in China, but it can also be complicated. Unlike American patients who have to make an appointment, most patients in China can just walk into a hospital and pay for either a “special care” appointment ticket or a “regular care” appointment ticket, based on how much they are willing to pay. For mild afflictions such as the common cold, the average waiting time to get an appointment ticket is only a few minutes. For more complex treatments, the waiting time for a ticket can stretch as long as two weeks. Additionally, because high-quality medical resources are usually concentrated in China’s largest cities, patients with serious illnesses like cancer must transfer to hospitals in cities like Beijing, Shanghai, or Guangzhou to get treated. Wait lines can become insufferable.

To solve this overcapacity problem, in 2011, many hospitals in Beijing introduced a unified appointment registration platform, where patients can register online or via telephone. However, long lines of patients waiting overnight to register in popular hospitals such as the 301 Military Hospital in Beijing are still common.

In recent years, scalpers, known as “cows” (黄牛 huángniú) in Chinese, have made a business out of standing in line to get appointment tickets and then selling them at exorbitant prices to patients desperate to see a doctor. In 2016, a
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(in Chinese) showing a woman with her sick mother raging against scalpers created a public outcry and brought calls for criminal sentences. Although authorities promised stronger enforcement, demand from patients to see high-quality doctors is so high that little has changed. In the video, the woman accuses the hospital of negligence. “The ‘special care’ appointment ticket is 300 yuan [$42], but the scalper is asking for 4,500 yuan [$642],” she says. “Why is it so difficult for an ordinary citizen to see a doctor nowadays? The hospital and the scalpers are in cahoots!”




There’s an app for that

Efforts to fight scalpers and ease the burden at overcrowded public hospitals range from promoting healthcare apps to increasing the number of private hospitals, says Snow Wang 王晓纯, a nutritionist at a private hospital in Beijing.

There are now more than 2,000 Chinese healthcare apps that offer patients medical advice, appointment booking, and other services. Good Doctor, backed by the insurance group Ping An, claims to have 20 million active monthly users who receive up to 400,000 diagnoses daily. WeDoctor, a service from Tencent, the company behind WeChat, focuses on referring patients to doctors and says that it has completed more than 100 million appointment bookings over the past two years, earning $175 million in revenue last year. However,
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the Financial Times, funding of these apps dropped 10 percent in the final quarter of 2016 to $520 million, as fewer people are actually paying for them, so there is some doubt about their future.

The reality, Wang explains, is that sometimes patients in China simply can’t see a doctor without the help of a scalper.

healthcare2-500x333.jpg

Photo by Yuangeng Zhang from Shutterstock
In 2016, the number of private hospitals increased to 16,000, up 6 percent from 2015, bringing the total number of hospitals to 29,000, according to recent
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from the National Bureau of Statistics. Private hospitals have traditionally been viewed by many Chinese as having limited resources, less qualified doctors than public hospitals, and purely profit-seeking motives. But this is changing, both because wealthier Chinese now expect better service and less crowded conditions than at public hospitals, and because the standard of private care is going up rapidly.

“I think more and more people in Beijing are accepting private hospitals,” says Snow. “But at the same time, the government needs to strengthen the development of community health clinics. Patients don’t need to see a doctor in big hospitals if they just have a minor illness.”

During this year’s
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, the annual political gathering in Beijing that ended on March 16, Li Bin 李斌, director of the National Health and Family Planning Commission, addressed the necessity for comprehensive healthcare reform.

“In the winter of 2015, I visited a hospital without telling anyone. It was so cold outside, but inside the hospital it was warm because so many people were lining up for registration,” he said. “I thought to myself, ‘Overcrowding not only causes inconvenience for patients, it’s also not safe.’”

$20,000 to treat a cold: Welcome to America!

To ease the burden on public hospitals, the Chinese government has increased its funding of hospitals, rural clinics, and health insurance schemes. The country’s healthcare expenditure rose from 4 percent of GDP in 1995 to 6 percent in 2014, according to
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from the World Health Organization’s Global Health Expenditure Database. But the percentage still falls far short of healthcare spending in the U.S., where it accounted for 17.5 percent of GDP in 2014, reaching a total of $3 trillion,
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.

“When I first came to the U.S. in 2012, I remember having a terrible cold,” says Hu. “My eyes were going dark and I felt dizzy. I got scared because nobody could look after me at that time. So I called 911 and an ambulance drove me to a hospital in Brooklyn.”

Later, he received a $20,000 bill. Fortunately, Hu was covered by a student insurance plan at the time, but even so, he had to pay $2,000 out of pocket.

“It was still very expensive. I don’t understand why it would cost that much for an ambulance, one night’s observation, and a cold. Since then, I have been complaining about the healthcare system in the U.S. for two years. It was not worth $20,000.”

In the U.S., most insurance carriers are commercial and the private market can get so complex that it causes confusion. Hu says that he gets a basic medical plan from Blue Cross Blue Shield through his employer. But if he were asked to choose a plan by himself, he wouldn’t know which to choose. “I think it would be confusing to pick a plan by myself,” Hu says. “I hope there would be some resources available to tell us how much a plan costs per month, what it covers specifically in great details, tailored to different people’s needs.”
 
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Hendrik_2000

Lieutenant General
(cont)

State-run health insurance in China

More than 97 percent of people in China use public health insurance systems, but the different plans affect the quality of the services they receive. In China, state-funded health insurance is divided into three main categories, based on where people live and their employment status:

Urban Employee Basic Medical Insurance (UEBMI) 城镇职工基本医疗保险 (职工医保)

This is the most generous public health insurance plan, and it is funded by employees, their employers, and local governments. Companies or government organizations contribute 6-12 percent of the employee’s salary to the fund, and the employee contributes 2 percent. This plan has the highest average premiums and the highest reimbursement rate.

Urban Resident Basic Medical Insurance (URBMI) 城镇居民基本医疗保险(居民医保)

This plan covers unemployed adults, children, students, and retirees. It is less generous because local governments alone are responsible for funding it.

New Cooperative Medical Service (NCMS) 新型农村合作医疗保险(新农合)

This program was rolled out in 2003 to expand coverage to rural residents. It is administered by the National Health and Family Planning Commission and is funded by the central government. It is the least generous plan, and at least
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has concluded that it neither “decreases out-of-pocket expenditure” for those covered nor increases “utilization of formal medical services” nor improves the health status of a significant number of rural residents. In 2016, plans were announced to merge NCMS with URBMI, but that has not yet happened.

None of the plans are perfect. According to an
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(in Chinese) published last year by Dr. Eric Chong 庄一强, former deputy secretary-general of the Chinese Hospital Association and now research director of a hospital consultancy company, the UEBMI plan for urban workers may lead to hospitals rejecting patients with serious illnesses, while the URBMI plan may give an incentive to doctors to use cheap drugs and low-cost, low-quality treatments.

Private health insurance in China

While the majority of Chinese are under public health insurance, the market for private insurance grew dramatically from 1.5 trillion yuan ($21 billion) in 2014 to 2.4 trillion yuan ($34.8 billion) in 2015, and it could reach 5 trillion yuan ($72.5 billion) by 2020. As the country’s middle class expands and the population ages, public health services are falling short of the growing demand for medical care, resulting in “growing government support for private sector involvement in the full spectrum of the health and medical system from cradle to grave,” according to a
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from Ernst & Young.

Currently, there are five private insurance companies that specialize in health insurance and another 100 offer health insurance products, including 28 foreign life insurance companies. The three largest private health insurers are Ping An Health Insurance Company 中国平安健康保险, PICC Health Insurance Company 中国人保控股公司, and China Life Insurance 中国人寿保险. Most private health insurance plans provide supplementary insurance products to complement public health insurance plans. Supplementary insurance and critical illness products are the most developed in the market, primarily because the public insurance systems cannot fully cover the costs of catastrophic illnesses.

Too many drugs

Overcharging and overprescribing doctors are a symptom of underfunded public hospitals, while their low salaries also raise the appeal of accepting kickbacks offered by pharmacology companies. In 2013, 48 percent of outpatient revenues and 39 percent of inpatient revenues at tertiary hospitals were from drug prescriptions, according to
Please, Log in or Register to view URLs content!
from the National Health and Family Planning Commission.

To regulate the way that big hospitals charge for drugs and services, the Beijing city government
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to take effect this spring — they will require more transparency from the capital’s 3,600 state-run medical institutions and prohibit unreasonable drug markups. The shortfall in revenues will be made up from new service fees ranging from 20 to 100 yuan ($2.90-$14.50) for all consultations, and higher fees on specialized treatments and surgery. The city government will probably also have to increase subsidies to hospitals.

Violence between patients and doctors

In China, the relationship between patients and doctors can turn violent when families of patients feel that they have been mistreated or neglected. According to a
Please, Log in or Register to view URLs content!
released by Xinhua News Agency, in 2014, there were 4,599 “security incidents” recorded in hospitals, many of which were assaults or protests by aggrieved families of former or current patients. That year, 1,425 people were arrested for such offenses. The altercations have become so common that they have inspired a new slang word in Mandarin Chinese,
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(医闹 yī nào), which roughly translates as “medical ruckus.”

“The amount of time that a doctor can give you is just two to three minutes in those big public hospitals,” says Snow Wang. “I think that might contribute to the reason why patients can get angry, especially considering that they may have spent half of the day waiting to get a registration ticket.”

During this year’s
Please, Log in or Register to view URLs content!
, Xinhua News Agency released an
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with a rap song about the “six things close to Xi Jinping’s heart,” all of which are issues sensitive to the Chinese public. One of them, unsurprisingly, is the need to create an effective and affordable healthcare system.


But despite its problems, basic healthcare in China is affordable when compared with the options in the U.S. Every time I travel back to China, the first thing on my to-do list is to get a physical checkup: For most of the time that I’ve lived in America, I have not had health insurance, and visiting the doctor for minor ailments is prohibitively expensive. If you have the money, healthcare in the U.S. is truly excellent, but if you’re not loaded, you’re better off in China.



By Jia Guo
Jia Guo is from the coastal city of Qingdao. She has an M.A. in
 

manqiangrexue

Brigadier
(cont)

State-run health insurance in China

More than 97 percent of people in China use public health insurance systems, but the different plans affect the quality of the services they receive. In China, state-funded health insurance is divided into three main categories, based on where people live and their employment status:

Urban Employee Basic Medical Insurance (UEBMI) 城镇职工基本医疗保险 (职工医保)

This is the most generous public health insurance plan, and it is funded by employees, their employers, and local governments. Companies or government organizations contribute 6-12 percent of the employee’s salary to the fund, and the employee contributes 2 percent. This plan has the highest average premiums and the highest reimbursement rate.

Urban Resident Basic Medical Insurance (URBMI) 城镇居民基本医疗保险(居民医保)

This plan covers unemployed adults, children, students, and retirees. It is less generous because local governments alone are responsible for funding it.

New Cooperative Medical Service (NCMS) 新型农村合作医疗保险(新农合)

This program was rolled out in 2003 to expand coverage to rural residents. It is administered by the National Health and Family Planning Commission and is funded by the central government. It is the least generous plan, and at least
Please, Log in or Register to view URLs content!
has concluded that it neither “decreases out-of-pocket expenditure” for those covered nor increases “utilization of formal medical services” nor improves the health status of a significant number of rural residents. In 2016, plans were announced to merge NCMS with URBMI, but that has not yet happened.

None of the plans are perfect. According to an
Please, Log in or Register to view URLs content!
(in Chinese) published last year by Dr. Eric Chong 庄一强, former deputy secretary-general of the Chinese Hospital Association and now research director of a hospital consultancy company, the UEBMI plan for urban workers may lead to hospitals rejecting patients with serious illnesses, while the URBMI plan may give an incentive to doctors to use cheap drugs and low-cost, low-quality treatments.

Private health insurance in China

While the majority of Chinese are under public health insurance, the market for private insurance grew dramatically from 1.5 trillion yuan ($21 billion) in 2014 to 2.4 trillion yuan ($34.8 billion) in 2015, and it could reach 5 trillion yuan ($72.5 billion) by 2020. As the country’s middle class expands and the population ages, public health services are falling short of the growing demand for medical care, resulting in “growing government support for private sector involvement in the full spectrum of the health and medical system from cradle to grave,” according to a
Please, Log in or Register to view URLs content!
from Ernst & Young.

Currently, there are five private insurance companies that specialize in health insurance and another 100 offer health insurance products, including 28 foreign life insurance companies. The three largest private health insurers are Ping An Health Insurance Company 中国平安健康保险, PICC Health Insurance Company 中国人保控股公司, and China Life Insurance 中国人寿保险. Most private health insurance plans provide supplementary insurance products to complement public health insurance plans. Supplementary insurance and critical illness products are the most developed in the market, primarily because the public insurance systems cannot fully cover the costs of catastrophic illnesses.

Too many drugs

Overcharging and overprescribing doctors are a symptom of underfunded public hospitals, while their low salaries also raise the appeal of accepting kickbacks offered by pharmacology companies. In 2013, 48 percent of outpatient revenues and 39 percent of inpatient revenues at tertiary hospitals were from drug prescriptions, according to
Please, Log in or Register to view URLs content!
from the National Health and Family Planning Commission.

To regulate the way that big hospitals charge for drugs and services, the Beijing city government
Please, Log in or Register to view URLs content!
to take effect this spring — they will require more transparency from the capital’s 3,600 state-run medical institutions and prohibit unreasonable drug markups. The shortfall in revenues will be made up from new service fees ranging from 20 to 100 yuan ($2.90-$14.50) for all consultations, and higher fees on specialized treatments and surgery. The city government will probably also have to increase subsidies to hospitals.

Violence between patients and doctors

In China, the relationship between patients and doctors can turn violent when families of patients feel that they have been mistreated or neglected. According to a
Please, Log in or Register to view URLs content!
released by Xinhua News Agency, in 2014, there were 4,599 “security incidents” recorded in hospitals, many of which were assaults or protests by aggrieved families of former or current patients. That year, 1,425 people were arrested for such offenses. The altercations have become so common that they have inspired a new slang word in Mandarin Chinese,
Please, Log in or Register to view URLs content!
Please, Log in or Register to view URLs content!
(医闹 yī nào), which roughly translates as “medical ruckus.”

“The amount of time that a doctor can give you is just two to three minutes in those big public hospitals,” says Snow Wang. “I think that might contribute to the reason why patients can get angry, especially considering that they may have spent half of the day waiting to get a registration ticket.”

During this year’s
Please, Log in or Register to view URLs content!
, Xinhua News Agency released an
Please, Log in or Register to view URLs content!
with a rap song about the “six things close to Xi Jinping’s heart,” all of which are issues sensitive to the Chinese public. One of them, unsurprisingly, is the need to create an effective and affordable healthcare system.


But despite its problems, basic healthcare in China is affordable when compared with the options in the U.S. Every time I travel back to China, the first thing on my to-do list is to get a physical checkup: For most of the time that I’ve lived in America, I have not had health insurance, and visiting the doctor for minor ailments is prohibitively expensive. If you have the money, healthcare in the U.S. is truly excellent, but if you’re not loaded, you’re better off in China.



By Jia Guo
Jia Guo is from the coastal city of Qingdao. She has an M.A. in

For the average person with the average illness, Chinese healthcare is much more efficient and affordable. An American doctor typically sees less than 5 patients a morning. My Chinese doctor friend says he goes through 70 a day! They cut out all the fluff like nurses pampering you and doctors trying to convince you in the kindest way to go on medication, etc... Chinese doctors tell it you straight: "You need this drug or you're gonna die so either take it or go home and rot; stop wasting my time. And get up and walk; nothing wrong with your legs so stop asking for a wheelchair like a baby. That'll be 400 yuan ($65) at the cashier. We're done; get out. NEXT!!" LOL Works best for most people and their budget. BUT, for extreme cases, one may find that the best chance at survival is by paying an astronomical sum in an American hospital. Those $300K operation bills means that American hospitals can often out-bid other hospitals for doctors who are the best of the best but these guys are overkill for your average appendectomy or setting a cast; they only make a difference in circumstances where you have a potentially fatal disease that's only been seen 2 times in medical history or a brain tumor in the final stages that should have killed you but somehow, you have a 10% chance of survival with surgery. And you gotta be LOADED. Also, if you're a professional athlete recovering from an injury, you or your country may choose to spend millions of dollars in an American hospital so you can recover as much of your ability as possible; a world of difference between 98% and 95% for those people. Not so much for you and me. (They wasted astronomical sums on Liu Xiang trying to get him a second hurdles gold at the Olympics on injury rehab at the Texas medical center.) So not too many people fall into that category.

Even with healthcare, just my copay means that I won't even consider going to the hospital in America unless the only other option is dying. Luckily, my body's rather cooperative on staying healthy without professional intervention.
 
Last edited:

Equation

Lieutenant General
All those media China bashing doesn't seem to be working?o_O

US public fears of China diminish: Pew poll
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April 4, 2017
Part-GTY-594328450-1-1-0.jpg

In 2012, 61 percent of Americans told Pew that the huge US trade deficit with China was a "very serious problem" but only 44 percent do so today (AFP Photo/SPENCER PLATT)
Last year, US voters chose a president whose stump speech denounced China for stealing American jobs and rigging trade -- but their own opinion of Beijing is improving.

According to a major Pew Research Center poll published Tuesday, some 44 percent of Americans have a favorable opinion of China, up from only 37 percent a year ago.

Most Americans are still concerned about the amount of US debt held by China, about jobs crossing the Pacific and about alleged Chinese cyber attacks, the survey revealed.

But as President Donald Trump prepares to meet his Beijing counterpart Xi Jinping at a Florida summit this week, US views of the world's other great power are warming.

The Pew report suggests that as the US economy continues its own recovery from the post 2008 crash, public concern about its Chinese rival is diminishing.

For example, in 2012, 61 percent of Americans told Pew that the huge US trade deficit with China was a "very serious problem" but only 44 percent do so today.

Over the same period, concern about Chinese cyber attacks has risen, but the percentage of voters worried about losing jobs to China has dropped from 71 to 53 percent.

Trump made complaints about China's alleged currency manipulation and exploitation of lax US trade rules a mainstay of his economically nationalist campaign.

But US officials says that when he meets Xi at his Mar-a-Lago golf resort at week's end, security and the threat posed by North Korea will top the agenda.

According to Pew, just over a third of Americans see China as a military threat and 58 percent would support going to war to defend US allies like Japan or South Korea.

But 52 percent of Americans still see China as most of an economic threat than a military one.

The poll was conducted between February 16 and March 15 by randomly phone polling 1,505 adults. Pew Research estimates its margin of error at three percentage points.

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taxiya

Brigadier
Registered Member
Well looks as if PRC is rising the barriers.



This could be considered as a WTO violation.

product quality standards including food are not regulated by WTO. Regardless the true intention, it is really a long shot to call it a WTO violation. For example, genetic engineered food is banned in EU, but totally legal in the US, who is violating what?

Regardless what one calls these kind of acts, it is not new, neither the first. If I remember correctly, EU, Japan and US just refused to honor article 15 of the agreement of China's accession to WTO, that was a violation.

Agree or not, there is something that anyone refused to honor that agreement has to negotiate for a change now. Some times only the "wrong" can counter the other "wrong" to make both right. It goes both ways, China has her options too.

Background information:
Article 15 gave other countries 15 years (expires at Dec 2016) to use substitute price (price of other countries) as a base for comparison when investigating Chinese product in anti-dump suit instead of using Chinese domestic price as the base. The article says, if the sector is deemed market driven in China, Chinese domestic price should be used in law suite before the 15 years expiration. The article also says, the substitution clause will expire at 15 years regardless.

And just so you know, it is not a coincident that China just got her case against EU regarding article 15 admitted by the DSB (Dispute Solving/Solution Board?) of WTO on April 3rd.

As I see it, it is two simultaneous approach. The softer one is to go through the WTO proceeding, the hard one is this "food inspection" later this year.
 

taxiya

Brigadier
Registered Member
For the average person with the average illness, Chinese healthcare is much more efficient and affordable. An American doctor typically sees less than 5 patients a morning. My Chinese doctor friend says he goes through 70 a day! They cut out all the fluff like nurses pampering you and doctors trying to convince you in the kindest way to go on medication, etc... Chinese doctors tell it you straight: "You need this drug or you're gonna die so either take it or go home and rot; stop wasting my time. And get up and walk; nothing wrong with your legs so stop asking for a wheelchair like a baby. That'll be 400 yuan ($65) at the cashier. We're done; get out. NEXT!!" LOL Works best for most people and their budget. BUT, for extreme cases, one may find that the best chance at survival is by paying an astronomical sum in an American hospital. Those $300K operation bills means that American hospitals can often out-bid other hospitals for doctors who are the best of the best but these guys are overkill for your average appendectomy or setting a cast; they only make a difference in circumstances where you have a potentially fatal disease that's only been seen 2 times in medical history or a brain tumor in the final stages that should have killed you but somehow, you have a 10% chance of survival with surgery. And you gotta be LOADED. Also, if you're a professional athlete recovering from an injury, you or your country may choose to spend millions of dollars in an American hospital so you can recover as much of your ability as possible; a world of difference between 98% and 95% for those people. Not so much for you and me. (They wasted astronomical sums on Liu Xiang trying to get him a second hurdles gold at the Olympics on injury rehab at the Texas medical center.) So not too many people fall into that category.

Even with healthcare, just my copay means that I won't even consider going to the hospital in America unless the only other option is dying. Luckily, my body's rather cooperative on staying healthy without professional intervention.
So true and same here in Europe.
I have a friend who once cut her finger when preparing dinner. She and her husband went to the "emergency" and sat there for 4 hours waiting for the doctor. She and her husband held her hand over her head in turn for that 4 hours to reduce the bleeding. Guess what, at 2 AM she didn't need doctor any more.:D During this time, they did not see patient going in and out of the doctor's office. And this is the capital hospital. Same thing will take only 5 minutes by a nurse in a community clinic in Beijing. Here in Europe we pay a heavy tax (fee in US) for this medical care.
 

taxiya

Brigadier
Registered Member
Not surprising at all that large engineering companies are Chinese. There is just that much to build in north america, Japan and Europe anymore since everything is developed. Most projects are brownfield for maintenance, optimisation or legislative. China still needs to build all new everything in the western side and more in the east.
Expect to see large Indian firms in 10-20 years when they get to this stage of development.
True about the "not much to build domestically", but there is a big market outside, say Africa, Central Asia, ME, South America and SEA if the developed countries are willing to lower their price a little bit.

Yes, these developed countries have a very high salary, but so are the Mercedes made in Germany still being broadly purchased in the poorer countries. The bottom line is, more expensive is not the problem if people believe it worth it.

But I think that chance as gone for the developed countries (when they could have done but chose not to) when China reached the same point of development and choose differently than the developed countries.
 

AssassinsMace

Lieutenant General
I read an article last week that said anti-China fears in the US have increased. Just shows the media has always lied one way or another. If there has been a decrease, it's probably because of Trump's trade rhetoric. The media has been sounding alarms bells on this or that if Trump acts on his promises which have always been what the establishment has lied about for a long time. Like I said before, the establishment lies to Americans to cover-up how they're getting richer at the expense of the rest of America getting poorer. They did that by blaming other countries for outsourcing and globalization to which they were the ultimate winners. Remember it was Senator Chuck Schumer that was the first to push to slap a 45% tariff on China because that was the number pundits said China devalued its currency to cheat the US. Trump just repeated what they said and all of the sudden it's crazy for him to threaten that. Now they say China is supporting the yuan higher than its real value and a 45% tariff on China is revealed is what Americans pay (as mentioned against Trump in the GOP debates) not China and that would disrupt the US economy pushing into a trade war that will domino effect across the world. So why is Trump getting the heat? It's because again it's just a lie put out there by the US establishment to distract Americans from focusing blame on them. If the fault were laid upon those truly responsible, in a democracy Americans would then change the system by voting out those corrupt politicians that protect the interests of the establishment over the rest of the US. They were worried about Trump because he might actually pull the trigger and ruin the system that enriches them first. Too bad a lot of Americans are blinded by their need to portray the US as flawless, therefore the world has to obey because the US is always right and not wrong, so they perpetuate the lies too. Americans like pointing the finger at other countries being corrupt as to say they're inferior to the US being superior.
 
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